October 16, 2014
By Àngela Corbalán & Paul Creeney
Economic inequality is on the rise. Half of the world’s wealth is now owned by just one per cent of the world’s population. In Europe, austerity policies across the continent designed to cut debt and stimulate growth could instead push the number of Europeans at risk of poverty up to 146 million by 2025 – over a quarter of the population.
The problems are severe, but we want to focus on the solutions. As part of Blog Action Day 2014 on the topic of inequality, we look at how to redress the balance in favour of the many instead of the few.
1. CRACKING DOWN ON TAX DODGING
At least $18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing a loss of more than $156 billion in tax revenue. Amazingly, more than two-thirds of this amount is stashed away in territories within EU boundaries, […]Author :